News

The get-tough attitude of the FSA in response to the credit crunch has produced a second successive year of record breaking fines.

High-profile fund manager Roger Guy has hit out at what he calls Gartmore's "excessive" internal compliance rules which he blames for the suspension of management partner Guillaume Rambourg this week.

Direxion has entered the European market by listing six leveraged ETFs on NYSE Euronext Amsterdam.

Charity,Counsel and Care, has backed the newly proposed National Care Service (NCS) believing it presents IFAs "huge opportunities".

Advisers who bemoan the quality of new entrants to financial services could help fill the skills gaps by going into schools and talking up the industry, the Financial Services Skills Council (FSSC) says.

There may be four days until the end of the tax year, but varying investment company deadlines and the Easter break mean advisers must be on their toes.

Research from NatWest Intermediary Solutions suggests 67% of brokers are optimistic they will write more mortgage business in 2010 than last year.

A report published by independent valuer BDO has ruled there is no reason for Northern Rock shareholders to receive any compensation and has determined that there is "no value" in shares of the beleaguered lender.

IFAs are more optimistic about emerging market and Far East opportunities than they are about those in the UK, according to Virgin Money's Investor Intentions Index.

Stock analysts are putting the thumb screws on Gartmore for more details on the suspension of star manager Guillaume Rambourg, as they caution shareholders of damage to the firm's franchise and assets.